IRS Rules for Parents with Side Hustles in 2025
The IRS requires parents with side hustles to report all income, including earnings over $400, and pay self-employment taxes in…
Tag: quarterly estimated taxes
How to Use Tax Software for a Parent’s Side Hustle Income
Mastering tax software for a parent’s side hustle income simplifies reporting and maximizes deductions. Learn to track earnings, categorize expenses,…
What Is the Self-Employment Tax Rate for Parent Freelancers?
The self-employment tax rate for parent freelancers in the USA is 15.3%, covering Social Security (12.4%) and Medicare (2.9%). For…